Turbo Energy Strengthens Financial Position Through Long-Term Bank Financing Restructuring

Core Viewpoint - Turbo Energy S.A. has successfully completed a restructuring of its bank financing to strengthen its financial position and align liquidity with its medium- and long-term business plan [1] Financial Restructuring - Turbo Energy has reached agreements with Bankinter, CaixaBank, and BBVA to convert existing bank facilities into long-term financing structures totaling approximately €4.87 million (around $5.75 million) [2] - This reorganization enhances the Company's financial profile and aligns its financing structure with its business plan, providing greater financial flexibility for expansion in the global commercial and industrial energy storage sector, particularly in Latin America and the United States [2] Management Commentary - CEO Mariano Soria stated that the financial restructuring reflects confidence from leading financial institutions in Turbo Energy's technology, strategy, and long-term growth prospects [3] - The refinancing is expected to provide a solid financial foundation to support the execution of the global expansion plan, including investments in AI-driven energy storage systems and Energy-as-a-Service initiatives [3] Strategic Importance - The restructuring is viewed as a significant milestone that enhances the Company's ability to execute at scale while maintaining a disciplined financial approach [4] - Turbo Energy aims to distinguish itself as a provider of choice for industry-leading energy storage solutions [4] Company Overview - Founded in 2013, Turbo Energy is a pioneer in solar energy storage technologies managed through Artificial Intelligence, offering scalable, modular energy storage systems for various users across Europe, North America, and South America [4]